Is it possible to protect identity and avoid identity theft through privacy living? How can one avoid identity theft fraud without the use of questionable identity theft insurance? And how can we stop identity theft dead in its tracks as this white collar crime remains the fraud crime of choice for those who prey on the unsuspecting identity theft victim and his or her family?
Identity theft fraud ruins the lives of many who have no awareness of what consumer privacy should be. Indeed, personal privacy can be preserved when one initiates the principles in this article and in my books to live under the radar. And once a privacy living program is in place, there is no need for costly, privacy-invasive identity theft insurance. Here are some key privacy living principles to help you and your family avoid identity theft:
Financial Privacy Planning
You and your family have a right to financial priavcy and you must maintain a level of banking secrecy in order to protect identity and prevent bank identity theft, business identity theft, medical identity theft or the garden variety type of identity theft. Keep money matters private and focus on banking privacy to ensure that your money isn’t stolen from insiders or others.
Nevada Limited Partnership
Certain privacy advocates utilize an anonymously registered Nevada limited partnership to hold liquid assets. When this entity is set up properly, one controls money and assets and holds these assets anonymously.
The use of the “Invisible Mortgage” has made the source of funds to borrow money for a home remain a mystery to those who might attempt to invade your home privacy or peek at your credit bureau report. This concealment of the source of the loan and the private registration of the property make one’s home address private, and these home privacy principles are essential to protecting privacy and identity.